Targa Resources raises 2026 adjusted EBITDA outlook to more than $6 billion
TRGP•Targa Resources raised its 2026 adjusted EBITDA outlook to more than $6 billion, implying growth above 21%. It projects approximately $5 billion in net growth capital spending and expects 20% dividend growth in 2027.
1. Higher 2026 outlook
Targa Resources raised its 2026 adjusted EBITDA outlook to more than $6 billion, implying growth above 21%. The outlook reflects first-half marketing opportunities, Permian gathering and processing growth, and record integrated NGL system volumes. The company projects approximately $5 billion in net growth capital spending and $250 million in net maintenance capital spending, expects 20% dividend growth in 2027, and expects shareholder returns to total 40%-50% of adjusted cash flow from operations over a multiyear horizon.
